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MRC completes Stream AS buy

Keywords: Tags  MRC Global, Stream AS, pipe, valve, fittings, acquisition, Andrew R. Lane, Thorsten Schier

NEW YORK — MRC Global Inc. has completed its $260-million acquisition of Norwegian pipe, valve and fittings distributor Stream AS.

The Houston-based company announced the deal to purchase the Tananger, Norway-based company in December (, Dec. 10).

"We are pleased to have closed this important acquisition and are looking forward to the positive contribution this new offshore capability will add to our international business performance," MRC chairman, president and chief executive officer Andrew R. Lane said in a statement Jan. 6.

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